This property looks like a bad Airbnb investment with a projected -5.06% first-year return on $113k initial cash invested.
-5.06%
Cash On Cash
5.26%
Cap Rate
0.87
DSCR
$4,290
Rent
-$475
Cashflow
Cash Flow
$4,290 income − $4,765 expenses = $475 out of pocket
Investment Breakdown
|
Purchase Price
$451k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$113k
Downpayment
20%
$90,220
Closing costs
1%
$4,511
Rehab
0%
$0
Furnishing
4%
$18,000
Cashflow
Total Income
$4,290
Total Expenses
$4,765
Mortgage P&I
53%
$2,279
Property Taxes
5%
$228
Home Insurance
4%
$161
HOA
1%
$37
Property Management
15%
$644
CapEx
4%
$172
Vacancy
0%
$0
Maintenance
4%
$172
Other
25%
$1,072